Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system. It also offers various industrial and automation production equipment; fluid delivery systems consist of one or more chemical delivery units, including PFA tubing, filters, flow controllers, regulators, component heaters, and an integrated electronic and/or pneumatic control system; precision robotic systems; top-plate assemblies; frame assemblies; process modules, a subsystem of semiconductor manufacturing tools that process integrated circuits onto wafers; and other high-level assemblies. In addition, the company provides tool chamber parts cleaning and coating services; micro-contamination analysis services for tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination; and analytical verification services for process tool chamber part cleaning. It primarily serves original equipment manufacturing customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries. The company was founded in 1991 and is headquartered in Hayward, California.
Ultra Clean Price Performance
Shares of NASDAQ:UCTT traded down $0.44 on Friday, hitting $34.75. The stock had a trading volume of 200,205 shares, compared to its average volume of 297,218. The firm's 50 day moving average price is $31.48 and its 200-day moving average price is $37.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.78 and a current ratio of 2.81. Ultra Clean has a twelve month low of $26.00 and a twelve month high of $60.84. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 19.86 and a beta of 1.96.
Ultra Clean (NASDAQ:UCTT - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.11. The firm had revenue of $608.70 million for the quarter, compared to analyst estimates of $590.84 million. Ultra Clean had a net margin of 3.42% and a return on equity of 20.20%. The company's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. On average, equities research analysts predict that Ultra Clean will post 3.88 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on UCTT shares. Cowen decreased their price objective on Ultra Clean from $54.00 to $42.00 in a report on Monday, August 1st. Needham & Company LLC lowered their price target on shares of Ultra Clean from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, July 29th. DA Davidson reduced their price objective on shares of Ultra Clean from $80.00 to $65.00 in a report on Thursday, April 28th. Cowen lowered their target price on shares of Ultra Clean from $54.00 to $42.00 in a research note on Monday, August 1st. Finally, TheStreet cut shares of Ultra Clean from a "b-" rating to a "c+" rating in a research note on Friday, July 29th.
Insider Buying and Selling
In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 3,536 shares of Ultra Clean stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $30.41, for a total value of $107,529.76. Following the completion of the transaction, the general counsel now owns 21,006 shares in the company, valued at approximately $638,792.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 3,536 shares of the firm's stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $30.41, for a total value of $107,529.76. Following the completion of the sale, the general counsel now owns 21,006 shares in the company, valued at approximately $638,792.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jacqueline A. Seto sold 1,460 shares of the company's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $34.12, for a total transaction of $49,815.20. Following the transaction, the director now owns 11,809 shares in the company, valued at $402,923.08. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
